Doximity (DOCS) Net Margin (2020 - 2026)
Doximity (DOCS) reported Net Margin of 13.15% for Q1 2026, down 3202.0% year-over-year from 0.42% in Q1 2025, and down 60.47% on a QoQ basis from 33.27% in Q4 2025.
Doximity (DOCS) has 7 years of Net Margin data on file, last reported at 13.15% in Q1 2026.
- Quarterly Net Margin fell 3202.0% year-over-year to 13.15% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 30.4% (down 873.0% YoY) and the FY2026 annual result came in at 30.4%, down 873.0% from the prior year.
- Net Margin fell to 13.15% in Q1 2026 per DOCS's latest filing, from 33.27% in the prior quarter.
- Across five years, Net Margin topped out at 45.17% in Q1 2025 and bottomed at 13.15% in Q1 2026.
- The 5-year median for Net Margin is 32.66% (2024), against an average of 32.01%.
- The widest annual swing landed in 2022, when Net Margin surged 2348 bps; it then slumped 3202 bps in 2026.
- Tracing DOCS's Net Margin over 5 years: stood at 29.04% in 2022, then increased by 22 bps to 35.45% in 2023, then increased by 26 bps to 44.6% in 2024, then decreased by 25 bps to 33.27% in 2025, then tumbled by 60 bps to 13.15% in 2026.
- Per Business Quant, the three latest DOCS Net Margin figures stand at 13.15% (Q1 2026), 33.27% (Q4 2025), and 36.82% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 30.85 Bn | 24.28 Bn | 622.47 Mn | 29.21% |
| 2 | BrightSpring Health Services | 12.29 Bn | 11.41 Bn | 482.22 Mn | 2.06% |
| 3 | Healthequity | 7.80 Bn | 7.48 Bn | 256.31 Mn | 19.57% |
| 4 | Hinge Health | 4.82 Bn | 4.51 Bn | 154.23 Mn | 18.66% |
| 5 | Doximity | 4.21 Bn | 3.46 Bn | 125.97 Mn | 13.15% |
| 6 | Waystar Holding | 4.18 Bn | 4.03 Bn | 268.04 Mn | 13.80% |
| 7 | 10x Genomics | 3.78 Bn | 3.24 Bn | 106.18 Mn | -8.93% |
| 8 | Privia Health | 2.65 Bn | 2.28 Bn | 595.71 Mn | 0.61% |
| 9 | Omnicell | 1.95 Bn | 1.78 Bn | 140.36 Mn | 3.68% |
| 10 | Teladoc Health | 1.42 Bn | 672.39 Mn | 562.57 Mn | -10.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.15% |
| Dec 31, 2025 | 33.27% |
| Sep 30, 2025 | 36.82% |
| Jun 30, 2025 | 36.54% |
| Mar 31, 2025 | 45.17% |
| Dec 31, 2024 | 44.60% |
| Sep 30, 2024 | 32.27% |
| Jun 30, 2024 | 32.66% |
| Mar 31, 2024 | 34.41% |
| Dec 31, 2023 | 35.45% |
| Sep 30, 2023 | 26.94% |
| Jun 30, 2023 | 26.19% |
| Mar 31, 2023 | 27.64% |
| Dec 31, 2022 | 29.04% |
| Sep 30, 2022 | 25.74% |
| Jun 30, 2022 | 24.69% |
| Mar 31, 2022 | 39.58% |
| Dec 31, 2021 | 56.85% |
| Sep 30, 2021 | 45.48% |
| Jun 30, 2021 | 14.78% |
| Mar 31, 2021 | 16.10% |
| Dec 31, 2020 | 9.20% |
| Sep 30, 2020 | 3.73% |